Oil Fund transfer to 2027 budget to fall by 935 million manats
Azerbaijan's draft law on the 2027 state budget envisages transferring 11.9 billion manats from the State Oil Fund (SOFAZ) to the state budget, down 935...
Category : Finance & Banking
Nakhchivan’s 2027 state subsidy cut to 198 million manats
Under the draft law "On the State Budget for 2027," the subsidy allocated to the budget of the Nakhchivan Autonomous Republic will total 198 million...
Rabitabank reviews partnership results with key business partners
Rabitabank OJSC held a meeting with selected business partners to assess the results of their ongoing cooperation and gather suggestions for improving its banking products....
Tax service to extend prefilling system to micro-businesses
Azerbaijan's State Tax Service plans to extend its tax-return prefilling service to micro-entrepreneurs, an official said. The move is part of the agency's broader push...
Central Bank: dollar steady, euro weakens, ruble gains
The Central Bank of Azerbaijan has published official exchange rates for October 21, 2026. The US dollar held steady at 1.7000 manats....
Azerbaijan’s parliament backs bill creating securitisation mechanism
Azerbaijan's Milli Majlis has approved in first reading a bill establishing a securitisation mechanism that will let lenders issue bonds backed by future payments from...
Azerbaijan to classify smartphones with payment apps as POS terminals
Azerbaijan's Ministry of Economy has proposed amending the law "On Electronic Commerce" to classify mobile phones and other end-user devices running the right software as...
SOFAZ’s net profit hits $15.8 billion in 2025
The State Oil Fund of Azerbaijan (SOFAZ) posted a net profit of $15.8 billion in 2025, a 3.4-fold increase compared with the previous period....
Azerbaijan’s foreign trade surplus jumps nearly sixfold in nine months
Azerbaijan's foreign trade surplus rose nearly sixfold in January-September compared with the same period last year, according to preliminary data....
Bank of Baku’s interest income reaches 164 million manats in nine months
Bank of Baku earned 164 million 93 thousand manats in interest income in January-September 2026, up 34 million 899 thousand manats, or 27%, from the...